Saline Ordinance authorizes water system bonds for upgrades
Ordinance No. 147 authorizes acquisition and construction of water supply and sewage disposal system additions in Saline Michigan. It allows issuing water supply and sewage disposal system revenue bonds equal in standing to existing bonds to fund the trunk sewer to the new high school and Barnegyat area, with bond payments secured by system revenues and a statutory lien.
MENTIONED IN THIS ARTICLE
City OF
Saline
Michigan
Washtenaw County
Barneygat
Ayres, Lewis, Norris and
May
Ann Arbor
Ayres
Lewis
Norris and
Saline Ordinance Passes for Water System Bond Issue
The City of Saline adopts an ordinance to issue twenty 1 000 to 2 000 dollar revenue bonds totaling 20 000 for Water Supply and Sewage Disposal additions. The bonds fund trunk sewer extensions, with repayment secured by system revenues and school district cash. Bond terms include interest up to 5 percent, redemption options, and reserve fund provisions.
MENTIONED IN THIS ARTICLE
Michigan
Saline
CITY
BANK
Detroit
City General Bee
Aen
Eee
Ee Ee Ee
Citizens Bank
General
Eee Ee Ee Ara Eee
Eee Citizens Bank
General Fund
Kutchins Company
Also Mentioned on This Page
City OF Saline
Seermian, Johnson, and Wolfman, Certified Public Accountants
Simmons Trust
U. S. Bonds
Poor Fund
Total—General Fund
Total—Special Assessment Fund
State of Michigan Public Works
Municipal Finance Commission
Michigan Department of Health
TOTAL
Municipal Equity
Saline Savings Bank
General Saline Savings Bank
State of Michigan
Detroit Bank and Trust Co
Weeee Bere
Eam Eee
Saher Reese Ewan Eee
Wees
U. S. Treasury